Monday, January 3, 2011


Please let us know your views on Balkrishna Industries. I am planning to invest some money 20-30k in this stock.
Amarendra Bhaskar

1. Balkrihna industries ltd is a 2 rupee face value rubber tyre company and I think current price 128 is very high in term of 2 rupee face value and reason for this high pricing is that balkrishna industries ltd is a low equity stock related to BSE group S where price of stock is easily speculated.
2. Book value of balkrishna industries ltd is 68.36 so I think this is not a value buying in this price.
3. EPS of balkrishna industries ltd is 107.96 in year 09-10 this is good but share traded near his year low and I think this is due to Increase in Authorized Share Capital of the Company from Rs. 25 Crores to Rs.50 Crores. (Equity dilution like ramswrup industries story).
4. Balkrishna industries ltd Promoter holding 54.37 % FII holding 15.03 % DII holding 15.50 % but I think something is wrong in this script because this is making new low everyday when market making new highs.
5. Balkrishna industries ltd is highly dividend paying company in last 3 year pay dividend in range of 6-7 rupee per year.
6. My view I negative but if you are so fancy in balkrishna industries then buy in SIP method for 2-3 year view and prepare to see price near 70.
7. I have no any share of balkrishna industries ltd.

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